Business
Newton Golf Company Reports First Quarter 2025 Financial Results
Revenue Surges 246% Year-Over-Year as Newton Motion Shaft Adoption Accelerates Across Major Tours CAMARILLO, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- via IBN
About this update from Newton Golf Company, Inc.
[{"type":"text","content":"Revenue Surges 246% Year-Over-Year as Newton Motion Shaft Adoption Accelerates Across Major Tours\nCAMARILLO, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- via IBN – NEWTON GOLF Company (NASDAQ: NWTG) (“Newton Golf” or the “Company”), a technology-forward golf company delivering physics-based performance innovations for players at every level, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Revenue increased 246% to $1.2 million, compared to $350,000 in Q1 2024 Gross profit rose 348% to $852,000, up from $190,000 in the prior-year period Gross margin expanded to 70%, up from 54% a year ago Net loss of $0.5 million, or ($0.55) per share, compared to a net loss of $1.2 million, or ($24.85) per share in Q1 2024. Note: The Q1 2024 per-share figure reflects the pre-uplisting share count, which was significantly lower. The Company’s uplisting to Nasdaq in August 2024 included a share conversion, which substantially increased the share count used for calculating earnings per share. Cash and cash equivalents totaled $5.9 million as of March 31, 2025 Newton Motion shaft adoption surpassed 30 professionals, with 8 new players joining across PGA TOUR Champions, LPGA, Korn Ferry, and PGA TOUR events during the quarter Management Commentary “We are very pleased with our first-quarter results, especially given that it is typically the offseason for golf,” said Greg Campbell, Chief Executive Officer of Newton Golf. “When we launched the Newton Motion shaft, our goal was to engineer performance that speaks for itself. The fact that more than 30 professionals are now using Newton shafts across major tours—and that 8 of those joined in Q1—validates both the technology and our direction. We’re just getting started. Demand for our Fast Motion shaft has exceeded expectations, and we are ramping up production to keep pace.” “We continue to execute with discipline and focus. The 246% year-over-year revenue growth reflects strong demand, expanding distribution, and improving unit economics. While gross margins expanded to 70%, our operating expenses in Q1 were temporarily elevated due to several one-time costs, including: Extra legal expenses associated with special shareholder meetings and warrant exercises. Higher audit expenses tied to warrant valuation and warrant accounting. One-time transfer a...